Any specific stocks or sectors on ur radar for this year’s budget ?
It’s only 4 days more to budget but there’s no excitement in the market.
Seems like we are heading into the budget with muted expectations
Any specific stocks or sectors on ur radar for this year’s budget ?
It’s only 4 days more to budget but there’s no excitement in the market.
Seems like we are heading into the budget with muted expectations
Yup, barely ~1.5% move priced in nifty
(doesn’t make sense, sitting out best option?)
I was thinking of doing a long straddle, dont know if it will work out well or not.
Nifty has been going all over the place but coming back to 18000 repeatedly. So, I considered long stdle but even this seems unfavorable.
It’s weird, lond&short straddle seem unfavorable, long/short direction seems uncertain
So, sitting out…
(Any position, would keep size small & expectations low)
ATM Straddle is trading 310 points for 7.5 trading session 2nd Feb expiry. This is the lowest premium I am witnessing for Budget day . Usually on budget day we have this or more premium( than we have this for 7.5 days) , looks like we would see just 100 point trading range in budget with volatility. Irony is its linearly melting ( so long straddle seems favorable here but don’t know till which point its gonna melt)
Exactly.
Till nifty comfortably crosses 17250-280 zone, not much action is expected. Same with 18080-040 zone on the downside.
Till then, only churning.
Small n midcaps are the place to be if at all one wants to punt on…for budget
And slowly slowly, energy prices are inching up … can keep an eye on beneficiaries.
The premiums are very low this year.
Must have made huge profits (if you ignored my view😅)